Ghana Update
Business News

Ghana Targets Tariff-Free Deal in U.S. Trade Negotiation Phase

The Government of Ghana is hopeful about reaching an agreement with the United States to eliminate newly imposed tariffs on key Ghanaian exports.

This comes in the wake of a policy adjustment by the Trump Administration, which on April 2 announced a 90-day suspension of additional tariffs—beyond the standard 10%—on imports from various countries, excluding China.

The move has opened the door for renewed trade negotiations and diplomatic engagement.

Speaking at a recent business forum, Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu Adjare, conveyed cautious optimism regarding the development. She highlighted the opportunity it presents for Ghana to advocate for more favorable trade terms.

“This 90-day reprieve from the reciprocal tariff arrangement provides us with the opportunity to renegotiate terms for a potential reduction and in my heart zero percent,” she said.

She further explained that the suspension offers room for Ghana to evaluate the broader economic implications and put in place measures to soften the immediate effects.

“The 90-day pause also provides us with the opportunity to assess the full impact of the tariff and adopt ways to mitigate the immediate impact,” she added.

Related posts

Incoming MASLOC CEO Dedicates to Women Farmers’ Support, Stricter Loan Recovery Efforts

sam wise

GoldBod Axes PMMC’s ASM Licences Completely

sam wise

Ghana’s NPA Tackles Energy Security Issues at ARDA Week in South Africa

sam wise

Drivers’ union announces 20% fare increase over rising costs

sam wise

Government Rejects Extension, Forces Gold Fields’ Damang Mine to Close

sam wise

CEO of NPA, Edudzi Tamakloe, Assesses Petroleum Facilities

sam wise

Leave a Comment